The Invesco QQQ Trust (QQQ) closed at $510.23 on January 2, 2025, down 0.2% as the Nasdaq-100 Index faced pressure from a volatile start to the new year. The Nasdaq Composite fell 0.16% to 19,280.79, marking its fifth consecutive day of losses, the longest streak since April. The decline was driven by profit-taking and a surge in the U.S. dollar's value, which weighed on tech stocks. Tesla's disappointing quarterly vehicle deliveries, marking its first y/y decline, contributed to the negative sentiment, with the stock dropping 6%. Meanwhile, Apple fell 2.6%, further dragging down the index. Despite Nvidia's 3% gain, the broader tech sector struggled amid concerns over high valuations and a potential shift in investor sentiment. Bond yields also experienced volatility, with the 10-year Treasury yield rising to nearly 4.6% before retreating, offering an attractive alternative to equities.